ASTM E3130 - 18 - Standard Guide for Developing Cost-Effective Community Resilience Strategies

ASTM E3130 - 18

Standard Guide for Developing Cost-Effective Community Resilience Strategies

Status : Current   Published : April 2018



1.1 This guide describes a generic economic methodology for evaluating investment decisions aimed to improve the ability of communities to adapt to, withstand, and quickly recover from, disruptive events. The methodology describes a framework for developing cost-effective community resilience strategies for new and existing constructed facilities—buildings, industrial facilities, and other critical infrastructure. This guide provides owners and managers of constructed facilities, architects, engineers, constructors, other providers of professional services for constructed facilities, and researchers and analysts with an approach for planning and comparing resilience strategies.

1.2 This guide frames the economic decision process by identifying and comparing the relevant present and future streams of costs and benefits to a community—the latter realized through cost savings and damage loss avoidance—associated with new capital investment into resilience to those generated by the status-quo.

1.3 This guide provides a means to increase the capacity of communities to objectively and effectively compare and contrast capital investment projects through consideration of benefits and costs while maintaining an awareness of system resilience. Topics related to non-market values and uncertainty are also explored.

1.4  This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety, health, and environmental practices and determine the applicability of regulatory limitations prior to use.

1.5  This international standard was developed in accordance with internationally recognized principles on standardization established in the Decision on Principles for the Development of International Standards, Guides and Recommendations issued by the World Trade Organization Technical Barriers to Trade (TBT) Committee.

Standard NumberASTM E3130 - 18
TitleStandard Guide for Developing Cost-Effective Community Resilience Strategies
Publication Date01 April 2018
Normative References(Required to achieve compliance to this standard)No other standards are normatively referenced
Informative References(Provided for Information)No other standards are informatively referenced
Descriptors value engineering;, sensitivity analysis, savings-to-investment ratio, risk mitigation strategies, risk assessment, project management, present-value analysis, net savings, natural hazards, multi-attribute decision analysis, Monte Carlo simulation, measures of economic performance, man-made hazards, life-cycle costs, impact assessment, homeland security, engineering economics, economic impacts, economic evaluation methods, cost analysis, building systems, building economics, building condition assessment, analytical hierarchy process, Adjusted internal rate of return
File Size93 KB

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